By Sumner Lemon, Mar 16, 2009
Graphics chip vendor Nvidia spent US$43.6 million during its last fiscal year to cover warranty and product replacement claims related to graphics chips that were manufactured and sold with a weak packaging material, the company said on Friday. In July 2008, Nvidia took a one-time $196 million charge against its second-quarter earnings to cover additional warranty and replacement costs related to faulty graphics chips, which the company said included a "weak die/packaging material set." Nvidia's financial year ended on January 25. Based on the $43.6 million spent so far, approximately 78 percent of the original amount set aside, or $152.4 million, remains available to cover costs related to this flaw.
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